Artificial intelligence continues to be a focal point for companies in all areas of technology and communications as demand from enterprise customers continues to soar, but one of the underappreciated aspects of AI is that a network plays a critical role in the success of AI initiatives. Despite the same type of “AI bump” the capital markets have given the chip companies; the network vendors have been aggressive with evolving their products to meet the demands of AI.
After Bloomberg reported last week that Mitel Networks Corp. was preparing to file for Chapter 11, today the telecommunications company announced has done so, entering into an agreement with its senior lenders to optimize its capital structure and recapitalize its debt. In 2018, Searchlight Capital Partners took Mitel private and has been the majority shareholder since then.
As MWC 2025, premier telecommunications service provider show still known by many as Mobile World Congress, gets underway this week in Barcelona, Cisco Systems Inc. made a splash early. The networking company issued several product announcements that offer deeper network insights using artificial intelligence and automation. From connected devices to connectivity assurance, the solutions are designed to help service providers deliver reliable AI-powered experiences on a larger scale.
Cisco Systems Inc. today expanded its partnership with Nvidia Corp. to help enterprises accelerate AI projects by making it easier to deploy a combined solution to modernize their data center in preparation for artificial intelligence. The two companies have been partners for the better part of a decade. This five-year expansion is aimed at bringing flexibility to customers to meet the constantly changing demands that AI brings.
Cisco Systems Inc. managed to put up a strong “beat and raise” in its fiscal second-quarter earnings this week, and investors took the news positively as the stock is trading at an all-time high, excluding the overvaluation during the dot-com bubble.